Is it benefit to invest in gold?

Question

Gold is the precious metal, I want to buy and keep it for some. Is the gold will appreicate?

Answer 1

Gold depends on U.S. economy...like stocks... we cant say gold is beneficial....

Nothing is safe in investment .

Answer 2

That is impossible to answer and is also currency dependent. For example, the Swiss currency is backed in gold so a change in the price of gold changes the price of the franc. So if you were Swiss and the price of gold doubled in dollar terms, the price in francs would remain the same as it is fixed by law, but the price of the franc would change and probably double.

Conversely, the price of gold in the United States is set at $20 per ounce with a caveat, the United States allows people to pay more than $20 and the fixed value is no longer enforced. In theory, the United States is willing to pay any offeror $20 for each ounce of gold, but in practice the law is no longer in force. The only remnant is the $20 gold piece.

The price of gold seems primarily to be determined by the degree of global conflict, from a purely academic point of view. It serves as an alternative currency to the primary reserve currencies.

There is no evidence that gold will appreciate in any meaningful way, but there is no evidence it will not. Gold should be held more as an insurance against social failure than as a proper investment.

Answer 3

GREAT QUESTION, Thank You!

In my opinion, very definitely ""YES""!

Since 1999 Gold has gone up from about $252 an ounce in U.S. dollars to about $730. {May of 2006} and the long term fundamentals still place Gold in an up-ward trend.

I have been a stock, mutual fund, & Gold investor for over 30 years and right now, and in the last 6 years my physical Gold has appreiciated at 24% annual-ly.

This is where I store my Gold:

http://www.goldmoney.com/

They also offer interest bearing savings accounts in 4 currencies.

Good Luck!

Answer 4

1) Only if the price goes up.
2) Nobody knows the answer to your question.